Bang & Olufsen A/S – share buyback programme
Bang & Olufsen A/S – share buyback programme
On 3 September 2018, Bang & Olufsen initiated a share buyback programme in accordance with article 5 of the regulation (EU) no. 596/2014 of 16 April 2014 on market abuse and the delegated regulation (EU) no. 2016/1052 of 8 March 2016, also referred to as the Safe Harbor rules.
Under the share buyback programme, which runs from 3 September 2018 and will end no later than 31 December 2019, Bang & Olufsen intends to buy back shares for an amount of up to DKK 485 million.
The following transactions have been made under the program in the period 3 September 2018 - 7 September 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| 3 September 2018 | 15,000 | 156.56 | 2,348,400 |
| 4 September 2018 | 15,000 | 154.70 | 2,320,500 |
| 5 September 2018 | 16,000 | 153.65 | 2,458,400 |
| 6 September 2018 | 16,000 | 155.90 | 2,494,400 |
| 7 September 2018 | 17,000 | 153.87 | 2,615,790 |
| Accumulated under the programme | 79,000 | 154.90 | 12,237,490 |
Following the above transactions, Bang & Olufsen holds a total of 188,990 own shares corresponding to 0.4 % of the total share capital and the total voting rights in the company.
Please see the attached file for detailed information about individual trades under the program in the period 3-7 September 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
Attachment